Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Publicly Funded Stadiums Create Low-Paid Jobs, New Taxes
Wall Street Journal, July 18th, 2008 2:30PM

MOST READ

MOST COMMENTED

As D.C. United and other MLS teams seek public money to help finance new stadium ventures, Mark Yost looks at the real figures behind a sports venue financed largely by the taxpayer's cash. While there's no denying that the neighborhood around the Washington Nationals' new baseball stadium in southeast D.C. has undergone a renaissance in recent years, he asks, "How much credit should go to the ballpark?"

"It's a question that has been debated countless times before, over other stadiums, but the historical evidence is pretty clear," Rost writes. "Sports economists have long argued that publicly financed stadiums are a waste of taxpayer money. And they have the data to prove it." While stadium construction creates high-paying jobs for a year or two, "the vast majority of long-term employment is low-wage concession jobs." The Nationals' website currently advertises jobs for elevator operators, fan ambassadors and security guards, with pay at $7.50-$8.50 an hour.

District Councilman Kwame Brown once called the stadium "the most controversial project in the history of the city" because D.C. had more pressing needs with its schools a mess, crime out of control, and unemployment in distressed neighborhoods double the national average. Nowadays, Brown shows off the neighborhood and its $600,000 condos, giving some of the credit to the new stadium. But with the city's income from the stadium coming from the same people who financed it in the first place -- the taxpayers, who pay $14 million a year from taxes on tickets, concessions and merchandise, with another $24 million coming from a new stadium tax on D.C. businesses -- "the vast majority of the 'development' in Southeast," Rost concludes, "is nothing more than taxpayer-funded public works projects."

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Creighton shuts down Jordan Morris    
No. 24 Creighton got goals by freshman Ricky Lopez-Espin and Fabian Herbers to beat No. 13 ...
Redknapp to Sign Two-Year QPR Extension    
Despite losing his first three games of the season, Queens Park Rangers coach Harry Redknapp revealed ...
Hernandez, Juve Agree Personal Terms    
The Corriere dello Sport on Friday reported that Juventus has agreed personal terms with Manchester United ...
Cambiasso Joins Leicester City     
Former Inter Milan midfielder Esteban Cambiasso on Friday officially joined Premier League club Leicester City. The ...
Fringe Players' Pay Could Derail Man United Transfer Plans    
Following the British record $99 million arrival of Angel Di Maria from Real Madrid, Manchester United ...
Chelsea's Torres Wants AC Milan Move     
Chelsea striker Fernando Torres is said to be closing in on a move to AC Milan ...
Report: Gunners Favorite to Sign Falcao on Loan     
ESPN on Thursday reported that AS Monaco has made sought-after striker Radamel Falcao available for a ...
Xabi Alonso Transfer Raises Question Marks in Germany    
Xabi Alonso's 10 million-euro ($13.2 million) transfer from Real Madrid to Bayern Munich has been met ...
Rooney Named England Captain     
Roy Hodgson on Thursday named Wayne Rooney captain of England following the retirement of former captain ...
Van Basten Exhibits 'Severe Symptoms'; Leaves AZ Indefinitely     
Netherlands and AC Milan legend Marco van Basten on Thursday mysteriously left his post as AZ ...
>> Section 2 Around the Net Archives